CHINA: Launch of Pilot Free Trade Zone in Shanghai for China foreign investment

Monday September 30 2013

China foreign investment rules have been subject to recent change. The government has launched an experimental free trade zone in Shanghai on 29 September. The government has not yet given a detailed outline of how the pilot zone of Shanghai foreign investment — which covers 29 square kilometers, of ports and logistics areas — is expected to operate. However, the State Council has announced that foreign and private companies will soon be allowed to invest freely in banks, shipping ventures, travel agencies and health and medical insurers that are set up in the experimental zone.

Foreign investment restrictions are also reportedly being lifted in respect of some telecommunications services and on the production and sale of video game consoles. This information will be updated as soon as further details on the operation of the free trade zone are released.

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